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Category: BUSINESS

Posted on 10/10/2024

Cut high tax on hard liquor to save Hong Kong’s bar industry amid slump in business, owners urge gov’t

Hong Kong’s bar owners are calling for a cut in the tax on hard liquor to save the industry amid a slump in business as residents head to mainland China for cheaper nights out. Seventy per cent ...

Posted on 10/10/2024

Owners of Hong Kong’s Physical could avoid criminal liability by citing new investor: lawyers

But lawyers say it will be 'difficult' for owners to prove intent to take care of customers, despite ambiguities under Trade Descriptions Ordinance The two arrested owners of the closed Hong Kong gym ...

Posted on 10/10/2024

Following Tencent’s lead, smaller listed companies band together to grow in Hong Kong

The Hong Kong Small and Medium Listed Companies Association is a non-profit industry body formed by a group of businesspeople who wanted to provide more robust information and support to small and ...

Posted on 09/10/2024

Over 80% of Hong Kong construction workers say jobs affected by import of non-local labourers, union survey finds

A majority of Hong Kong construction workers said their employment had been affected by a government scheme to import non-local labourers, according to a survey conducted by a union. Hong Kong ...

Posted on 09/10/2024

US chain Garrett Popcorn announces departure from Hong Kong in 13 years amid wave of business closures

American chain Garrett Popcorn has announced plans to close all five branches in Hong Kong, 13 years after it opened its first store in the city. “Garrett Popcorn Shops will be cooking our last ...

Posted on 09/10/2024

Hong Kong’s economy needs firing up. Can John Lee deliver with his policy address?

City leader should prioritise tapping into emerging markets, diversifying the economy and amplifying Hong Kong's attractiveness, observers say From serving set meals of HK$500 (US$64) per person to offering HK$58 beef rice,

Posted on 09/10/2024

Why Singapore and Hong Kong want money to serve a purpose

From rewarding environment-friendly spending and channeling government grants to deserving beneficiaries, they may be setting a global trend.

Posted on 09/10/2024

Spirit of Hong Kong Awards: start-up CEO creates AI-powered, stair-climbing wheelchair

A Hong Kong-based tech start-up has developed a wheelchair powered by artificial intelligence (AI) with the ability to climb stairs after designers gained inspiration from one of their team’s home ...

Posted on 08/10/2024

Wall Street holds firmer after Hong Kong stocks fall to worst day since 2008

U.S. stocks are steadying themselves on Tuesday as falling oil prices release some of the pressure that’s built up on the market.

Posted on 08/10/2024

Hong Kong developers to make nearly 18,000 new flats available to homebuyers

The government has approved presale consent for several projects, with developers eager to offload unsold inventory.

Posted on 07/10/2024

Turning Points: Digital design studio Sennep

Sennep is a London-based digital design studio whose clients include Sky, Google Hong Kong, McKinsey and Unicef. It was founded in 2003 by Matt Rice and Hege Aaby, who tell us how side ...

Posted on 07/10/2024

Setting Up a Family Office in Hong Kong

Hong Kong's strategic location, strong financial infrastructure, and favorable tax regime make it an ideal destination for family offices.

Posted on 07/10/2024

Hong Kong gov’t seeking alternatives to ex-leader Carrie Lam’s HK$9.17m office ahead of lease expiry next year

The Hong Kong government is seeking alternative sites for the multi-million dollar taxpayer-funded office of former chief executive Carrie Lam ahead of the expiry of its lease next May. Earlier this ...

Posted on 07/10/2024

Deep Dive: Why Hong Kong’s small and medium-sized enterprises are struggling to survive

Hongkongers and mainland Chinese tourists are spending their money elsewhere, as SMEs grapple with the continued impact of the pandemic.

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